What users are saying about
22 Ratings
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Score 8.1 out of 100
30 Ratings
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Score 7.4 out of 100

Likelihood to Recommend

AvidXchange

AvidXchange is well suited for companies with multiple locations where approvals may be hard to get directly. A user can log on when they have time basically from anywhere to review, code and approve invoices. This would allow for processing of invoices centrally more efficiently then with appear invoices being moved from one place to another to be processed
Brian Murphy | TrustRadius Reviewer

Workday Financial Management

Workday is a very innovative platform that offers plenty of options and resources to its users in their daily lives. I have used Workday in three of the organizations I have worked in the past for. I am also a current user of Workday through my employer. Workday is best suitable for any retail or customer-facing environments. More and more companies are using Workday to even have strong candidates apply for a job. This helps them navigate their way through a platform that they will be using in the near future.
Zahra Najib | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

AvidXchange
Workday Financial Management
9.7
Pay calculation
AvidXchange
Workday Financial Management
9.7
Benefit plan administration
AvidXchange
Workday Financial Management
9.7
Direct deposit files
AvidXchange
Workday Financial Management
9.7
Salary revision and increment management
AvidXchange
Workday Financial Management
9.7
Reimbursement management
AvidXchange
Workday Financial Management
9.7

Customization

AvidXchange
Workday Financial Management
8.0
API for custom integration
AvidXchange
Workday Financial Management
8.0
Plug-ins
AvidXchange
Workday Financial Management
8.0

Security

AvidXchange
Workday Financial Management
9.9
Single sign-on capability
AvidXchange
Workday Financial Management
9.9
Role-based user permissions
AvidXchange
Workday Financial Management
9.9

Reporting & Analytics

AvidXchange
Workday Financial Management
9.7
Dashboards
AvidXchange
Workday Financial Management
9.7
Standard reports
AvidXchange
Workday Financial Management
9.8
Custom reports
AvidXchange
Workday Financial Management
9.7

General Ledger and Configurable Accounting

AvidXchange
Workday Financial Management
9.0
Accounts payable
AvidXchange
Workday Financial Management
9.8
Accounts receivable
AvidXchange
Workday Financial Management
9.8
Expense management
AvidXchange
Workday Financial Management
8.0
Global Financial Support
AvidXchange
Workday Financial Management
8.8
Primary and Secondary Ledgers
AvidXchange
Workday Financial Management
8.0
Intercompany Accounting
AvidXchange
Workday Financial Management
8.0
Localizations
AvidXchange
Workday Financial Management
8.0
Journals and Reconciliations
AvidXchange
Workday Financial Management
9.8
Configurable Accounting
AvidXchange
Workday Financial Management
9.8
Centralized Rules Framework
AvidXchange
Workday Financial Management
9.8
Standardized Processes
AvidXchange
Workday Financial Management
9.8

Order Management

AvidXchange
Workday Financial Management
10.0
Credit card processing
AvidXchange
Workday Financial Management
10.0

Pros

AvidXchange

  • Our contractors and vendors can submit invoices electronically through AvidBill, removing the tedious task of sorting and coding mail. This feature saves on time and administrative duties.
  • Communication is key, and being able to log a comment or question in AvidInvoice allows for clarification and expedited approval process.
  • Having multiple properties, having the Property Code and % Allocation features allow us to ensure the correct entity is charged it's portion of expenses. For example, we may have a service that is coded to all 32 properties. With AvidInvoice we are able to allocate each entity's pro rata share of the invoice.
Christina Honthy-Little | TrustRadius Reviewer

Workday Financial Management

  • We specically wanted a cloud financial management system that we could use in China and communicate reports to the headquarters organization and roll-up reporting. It performs well.
  • It was reasonably priced since we are not a for-profit company and need the Workday flexibility for finance and accounting operations. Most of our requirements are met with this one system.
  • The system worked efficiently with the additional security we built on to keep confidential. Many reports are ready off-the-shelf or easy to develop, which is a strength.
Anonymous | TrustRadius Reviewer

Cons

AvidXchange

  • AvidPay needs some improvement to minimize the amount of time it takes to issue payment for invoices
  • The search features within AvidXchange on the advanced search screen sometimes do not function correctly (sorting by ascending / descending order doesn't work all of the time).
  • The log enhancement follow-up procedure could use some work.
Suzanne Crockett | TrustRadius Reviewer

Workday Financial Management

  • We only used this system for a short time before switching over to new software, but nothing from my experience. There are a lot of great tools with Workday Financial Management, I'm sure our other departments could have made great use out of features like inventory, expenses, or procurement.
Anonymous | TrustRadius Reviewer

Likelihood to Renew

AvidXchange

AvidXchange 8.2
Based on 5 answers
At the moment we have a contract for another year, we are hoping there is improvement with the company to decide if we stay with them or change.
Anonymous | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Usability

AvidXchange

AvidXchange 8.2
Based on 1 answer
Except the one difficult/cumbersome point I made, it is a strong, solid, easy-to-use system.
Richard Maritt, CMCA, AMS | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Support Rating

AvidXchange

AvidXchange 8.2
Based on 2 answers
Except for occasional escalations needed to Level 2 support, they are efficient and quick with nearly all requests.
Richard Maritt, CMCA, AMS | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Alternatives Considered

AvidXchange

We use concur for our credit card processing and looked at using them for invoices. Overall, we picked [AvidXchange] based on the timeline on which they process invoices and how they are quick to index and quick to print checks.
Kaycie Grindstaff | TrustRadius Reviewer

Workday Financial Management

  • It is a simple and intuitive solution that can be customized for your specific needs.
  • It unifies HR and finance, giving you predictive analytics, real-time insights, and global visibility.
  • It offers a single version of the tool to meet the requirements of diverse companies.
  • It integrates seamlessly with a large number of business apps and systems.
Zahra Najib | TrustRadius Reviewer

Return on Investment

AvidXchange

  • AvidXchange allows our office to be more productive on invoice approvals.
  • Overall, AvidXchange is saving us money. We do not have to courier invoices back and forth once signatures have been provided.
  • You can approve invoices from anywhere as long as you have internet access.
Lori Babaz | TrustRadius Reviewer

Workday Financial Management

  • As a new starup affiliate five years ago, we did not have a huge budget. The ROI was met relatively quickly, no surprises here.
  • With minimal consulting assistance, this made the implementation cost reasonable, if any software implementation could be considered reasonable.
  • It was a risk to implement Workday Financial Management in one country but we did leverage it with HCM in the states.
Anonymous | TrustRadius Reviewer

Pricing Details

AvidXchange

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

AvidXchange Editions & Modules

Edition
AvidXchange$5,0001
  1. per license
Additional Pricing Details

Workday Financial Management

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Workday Financial Management Editions & Modules

Additional Pricing Details

Rating Summary

Likelihood to Recommend

AvidXchange
9.1
Workday Financial Management
9.8

Likelihood to Renew

AvidXchange
8.2
Workday Financial Management

Usability

AvidXchange
8.2
Workday Financial Management

Reliability and Availability

AvidXchange
9.0
Workday Financial Management

Performance

AvidXchange
8.0
Workday Financial Management

Support Rating

AvidXchange
8.2
Workday Financial Management

Implementation Rating

AvidXchange
7.3
Workday Financial Management

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